Market Snapshot:
Azelastine drug is a prescription medication used to treat allergy symptoms of the nose or eyes such as stuffy or runny nose, sneezing, itching. Azelastine drug medication belongs to a group of drugs called antihistamines. It works by preventing the effect of histamine release and by blocking histamine at receptors. Histamine is a chemical of the immune system that causes allergy symptoms such as sneezing, runny nose, itching, and watery eyes. Azelastine comes in nasal spray form to be sprayed into the nose and also comes in eye drop form to be applied to the affected eye.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Market Drivers
- The increasing cases of cold and conjunctivitis
Market Trend
- Growing Use of Azelastine Drug for Eye Treatment
Restraints
- Side Effect of the Azelastine Drug
Opportunities
Rapidly Expansion of Pharmaceutical Industry and Rising R&D Activities
Azelastine Drug Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Seasonal allergic rhinitis and Vasomotor rhinitis |
Routes Administration | Eye drops,Nasal spray,Mouth |
Players Covered in the Study are:
Apotex (Canada), Alkem Labs (India), Mylan (United States), Apotex (Canada), Teva (Israel), Breckenridge (United States), Sun Pharma (India), Hikma Pharmaceuticals (United Kingdom), Perrigo (Ireland) and Amneal Pharmaceuticals (United States)
The Global Azelastine Drug market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
In August 2019, multinational pharmaceutical company Hikma Pharmaceuticals PLC announced today that it has entered into an asset purchase agreement with Insys Therapeutics Inc. to acquire a complementary manufacturing platform and two pipeline products. Hikma is in the US and we have been looking for ways to build a strong manufacturing platform and expand our product portfolio. The acquisition adds unit-dose nasal spray manufacturing equipment and two more complex products to the pipeline. This new technology expands on existing nasal spray capabilities to create a comprehensive platform that can be utilized for both internal and partnership programs.
Key Target Audience
Manufacturers, Distributors and Suppliers, Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
What can be explored with Azelastine Drug study:
Where Azelastine Drug industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Players
Where Players should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments